Veidekke has acquired Hande AS in Oslo

Veidekke has acquired Hande AS in Oslo

22.11.2018 - 20:30

Veidekke has entered into a closing agreement to acquire 68% of the shares of Hande AS in Oslo, which is a business that specialises in the remodelling and furnishing of office space. “Hande gives us expertise and complements our business in an interesting and growing rehabilitation market,” says Director Anders W. Haugen of Veidekke.

Hande AS is a third generation family company, established in 1936, which undertakes turnkey contracts in the rehabilitation of office buildings in the Oslo area for professional property managers. The 25 employees are highly experienced craftsmen and project managers. The company also has a stable base with good partners. In 2017 Hande AS’s revenues were just above NOK 200 million.

“Rehabilitation, remodelling and furnishing of office space is a large and growing market in the Oslo area. Our own rehabilitation department primarily works on larger and complex projects, while Hande specialises in the remodelling and furnishing of office space. We want to provide all types of services to our customers, and Hande is therefore a good fit in strategic terms. We have several of the same customers in our portfolios, so for existing customers this will obviously be positive. We’re looking forward to further developing Hande as a part of Veidekke,” says Director Anders W. Haugen of Veidekke Bygg Oslo.

“We want to take new steps forward, and are therefore very pleased that our first choice Veidekke will be among the owners. This secures long-term development, capacity and implementational ability, for the benefit of our customers and employees alike. We will continue to operate as a separate company, but can draw on far greater resources with Norway’s largest contractor behind us,” said project manager, partner and chairman Lars Hande of Hande AS when the letter of intent was announced in May.

Transfer will take place with effect from 22 November 2018. The purchase price is NOK 44 million.

 

Caption (from left): CEO Arne Giske of Veidekke, Chairman Lars Hande of Hande AS and Director Anders W. Haugen of Veidekke Bygg Oslo.

For more information, contact

Director Anders W. Haugen of Veidekke, tel.: +47 97 66 63 14, anders.haugen@veidekke.no
Chairman Lars Hande of Hande AS, tel. +47 90 91 37 37, lars@hande.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no

 

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Revenue is almost NOK 32 billion, and half of the 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.